List of Tuk Tuk Loan Providers in Kenya

Wnt to own a Tuk-tuk? Tuk-tuk loan providers assist people who want to own three-wheelers to do so in a convenient way even if they don’t have enough money.

in Kenya Tuk-tuks, or auto-rickshaws, are a common means of transportation in Kenya. They are commonly utilized for short commutes and are frequently selected because of their price and convenience.

Owning a tuk-tuk, on the other hand, can be costly, and not everyone can afford to buy one outright. Fortunately, there are various institutions in Kenya that provide potential owners with tuk-tuk loans. In this article, we’ll look at a list of tuk-tuk lending companies in Kenya.

List of tuk-tuk loan providers in Kenya

1. The Equity Bank

Equity Bank is one of Kenya’s largest banks, and they provide its customers with a variety of loans, including tuk-tuk loans. Individuals and organizations can apply for tuk-tuk loans from the bank. The loan terms are adaptable, and the interest rates are reasonable.

Equity Bank also provides tuk-tuk owners with training and support to help them operate their businesses successfully.

The loan has a 14% annual interest rate and a 2.5% processing charge.

To qualify for the loan, you must give your national ID, a company permit, and a quote from a respectable tuk-tuk dealer.

2. Bank cooperative

Another well-known bank in Kenya that provides tuk-tuk loans to its customers is Co-operative Bank.

Individual and group owners can apply for tuk-tuk loans from the bank.

The loan terms are adaptable, and the interest rates are reasonable. Tuk-tuk owners can also get insurance from Co-operative Bank to protect their investment.

The loan has an annual interest rate of 13% and a processing charge of 2.5%.

To qualify for the loan, you must give your national ID, a company permit, and a quote from a respectable tuk-tuk dealer.

3. Sidian Bank

Sidian Bank is a well-known Kenyan financial company that provides a variety of financial goods and services, including tuk-tuk loans. Individual and group owners can apply for tuk-tuk loans from the bank.

Sidian Bank provides flexible payment terms as well as reasonable interest rates.

They also offer tuk-tuk owners training and mentoring to assist them build their businesses.